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Posted to uk.d-i-y
Tim S
 
Posts: n/a
Default Housing market is realy bucking up!

On Wed, 07 Dec 2005 16:24:51 +0000, Chris Bacon wrote:

MM wrote:
I can only say that the market is on a slightly rising trend now.


Volume of sales increasing, fine. Price rise? The last thing needed.


Yeah - I'm banking on them halving in the next few years or I'll be
renting for the rest of my life the way it is right now.

Oh for 1995 prices. Or even 1969.

I did a calculation based on what my Dad paid for his old house in north
Surrey in 1969 compared to what it's worth now (since moved, but estate
agent websites have plenty for sale in the same road).

After inflation adjusting, I believe the price in 2005 is at least 5 times
greater than 1969 in real terms.

That's insane.

Tim